News about construction

The funds may also be used to finance projects, investments and asset acquisitions, as well as cover related fees and expenses, according to its filing with Bursa Malaysia on Wednesday.

Advancecon said its wholly-owned subsidiary, Advancecon Infra Sdn Bhd, was awarded RM7 million following proceedings administered by the Asian International Arbitration Centre.

The shares will be issued at 41.

Construction firms could benefit from promised public works, while property developers may gain from housing initiatives tied to job creation.

Maybank IB said making buildings earthquake-resistant adds 5%-10% to structural costs, but this is a small price to pay compared to the potential damage and losses from a major quake.

“We wish to stress that the steel business is still very much the core business of Lion Industries Corporation Bhd and have no plans to shut Amsteel Mills other than for upgrading purposes.

​ The proposed acquisition, initiated on Oct 28, 2023, involves the purchase of a 70% stake in CRSB for a consideration of RM1.

Mayu Global assured that the freezing of the accounts are not expected to have a material financial or operational impact on the group, based on an assessment of its financial position, cash flow projections for the next 12 months, and the availability of hire-purchase facilities.

The government, as the petitioner, filed the petition on June 23, alleging that Bina Puri owes RM4,199,439.

“While standards are still being developed, procurement policies can start by requiring purchase of the lowest emission steel available,” Miti said.